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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, ke
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman...
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May 15, 2013
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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in this fiscal year, $200 billion lower the deficit's going to be than a couple of months ago and by 2015, we'll be talking about deficits in the realm of $300 billion and in the face of this, with millions of people still unemployed, with the unemployment rates up over 7%, we're not doing more to get people back to work. and we're still focused on deficit reduction when we see that even projecting out over several years, it's even a conservative economist, no one would argue these levels of debt that we're seeing in 2015 now are not at a sustainable level. >> is there a way for the obama administration to try to steal some of the attention away from the irs, benghazi? benghazi's not as topical because of what's coming forward about the irs. >> i wish the case for the sort of deficit hawk hysteria had anything to do with facts. we just saw one of the major papers that was brought up at a rationale for his obsession for cutting the deficit and the debt. we saw that disproved. so unfortunately, this has always been about a radical agenda. today, this afternoon, house republicans are go
in this fiscal year, $200 billion lower the deficit's going to be than a couple of months ago and by 2015, we'll be talking about deficits in the realm of $300 billion and in the face of this, with millions of people still unemployed, with the unemployment rates up over 7%, we're not doing more to get people back to work. and we're still focused on deficit reduction when we see that even projecting out over several years, it's even a conservative economist, no one would argue these levels of...
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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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May 19, 2013
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to take our country back and you might see some of the survey results in the media that talk about deficit and taxes and overall concern about the economy. was nice as it had to to use those things, but also in-depth interviews to get a better sense of what was motivating people and it turns out like most americans do have quite a complicated piece of government. it's not treated this like every government program or don't receive medicare is part of the government. they do know that. occasionally you see a sign that says keep government hands off my medicare. people know where that money comes from. so the thing that explains some programs are okay and other programs are suspect is a fundamental belief that some american our heart working and have contributed and therefore have social security and medicare which you have to pay them to come of other americans are freeloaders who haven't done my part and want to get something for free. many tea parties expect to use the next two years and objections to welfare but irish often included not just food stamps, but pollak rants. a lot of concer
to take our country back and you might see some of the survey results in the media that talk about deficit and taxes and overall concern about the economy. was nice as it had to to use those things, but also in-depth interviews to get a better sense of what was motivating people and it turns out like most americans do have quite a complicated piece of government. it's not treated this like every government program or don't receive medicare is part of the government. they do know that....
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the deficit is coming down? >> i think it's great the deficit is coming down, government taxation melton freedman said, it's true, you can't spend yourself into prosperity. if you look at government spending as a share of gdp. it tracks growth almost exactly. having the deficit come down is wonderful news. >> all right. so if people are saying this fiscal restraint is like 1936-1937, all right, where we had a recession inside a depression. yeah, i think that's a lot of gar back. i'll tell you why, i want to hear you first. >> well, the taxes went up through the great depression. the way the world works, it outlines it exactly, all these people in the great depression have missed the tax variable totally. bernanke, even milton freedman missed it in the freedom of the united states. it's taxes that really caused the economy to slow down and cutting taxes in aggregate is cutting government spending. government doesn't create resource, larry, it redistributes them. every dollar they spend for one person, they take a
the deficit is coming down? >> i think it's great the deficit is coming down, government taxation melton freedman said, it's true, you can't spend yourself into prosperity. if you look at government spending as a share of gdp. it tracks growth almost exactly. having the deficit come down is wonderful news. >> all right. so if people are saying this fiscal restraint is like 1936-1937, all right, where we had a recession inside a depression. yeah, i think that's a lot of gar back....
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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the federal deficit is shrinking faster than expected. the congressional budget office estimates the deficit for this fiscal year will fall to $642 billion. 200 billion what they forecast in february. and the cbo says the deficit should keep improving through 2015, when it's projected to drop to $378 billion. in part, they credit tax revenue and better than expected bailout repayments. man: the charcoal went out already? ... forget it. vo: there's more barbeque time in every bag of kingsford original charcoal. kingsford. slow down and grill. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. thanks, olivia. thank you. so you can make a payment from your cell to almost anyone's phone or email. (speaking french) so you can express your gratitude... in the moment. chase quic
the federal deficit is shrinking faster than expected. the congressional budget office estimates the deficit for this fiscal year will fall to $642 billion. 200 billion what they forecast in february. and the cbo says the deficit should keep improving through 2015, when it's projected to drop to $378 billion. in part, they credit tax revenue and better than expected bailout repayments. man: the charcoal went out already? ... forget it. vo: there's more barbeque time in every bag of kingsford...
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they want to see the deficit come down. a new report shows that the deficit has shrunk by $800 billion since president obama took office. that's the fastest deficit reduction we've had since world war ii. the last one, $200 million despite all of the deficit shrinking. the gop is still refusing to roll back the automatic budget cuts, some of which dana just referred to. here's some local tv reports on how those cuts are hurting real people on the ground. look at this. >> cuts to the department of housing and urban development have left thousands of low income families struggling to get a place to live. >> getting kids like clamari in to head start is going to be more difficult. because of budget cuts, places like this are taking less kids the next school year. >> thousands of meals may be cut. the director says it comes at a time when donations are already down. >> it's real stuff, congresswoman. >> that's right. and it's really staggering. i've been out in my district where we have worker who is are facing furloughs, we ha
they want to see the deficit come down. a new report shows that the deficit has shrunk by $800 billion since president obama took office. that's the fastest deficit reduction we've had since world war ii. the last one, $200 million despite all of the deficit shrinking. the gop is still refusing to roll back the automatic budget cuts, some of which dana just referred to. here's some local tv reports on how those cuts are hurting real people on the ground. look at this. >> cuts to the...
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another part of shrinking the deficit is not just tied to cutting government spending. you look at the number of unemployed in the country and that is a real drag onotomy. as the economy grows that is another part of shrinking that monster, if you will. >> chris: governor, let's address your personal scandal. what did you learn interes fro? >> you learn ar a lot. i would say that you probably learn more in the valleys of life than you do in the mountain tops. learned whole new you things that i never comprehended before with regard to god's grace and the reflective grace that comes through other humans that you walk with on a daily basis. i learned a lot about judgment and forgiveness. i could go down a litany of different things but i boil it down this way. our minister gave a great sermon a number of months back and his point was do the events of your life refine or define your life. i think in politics people want to take an event and make it definitional to your life. i think that any of these valles or any of these bumps that we hit in the road of life by circumsta
another part of shrinking the deficit is not just tied to cutting government spending. you look at the number of unemployed in the country and that is a real drag onotomy. as the economy grows that is another part of shrinking that monster, if you will. >> chris: governor, let's address your personal scandal. what did you learn interes fro? >> you learn ar a lot. i would say that you probably learn more in the valleys of life than you do in the mountain tops. learned whole new you...
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over taxes and whether they include that as part of a deficit package. they feel president has been the offensive since the beginning of his second term. this is the first time they feel they have something to really pound the administration on. and i don't that you really sense any sort of shift other than they feel like they can continue to throw bombs up here. >> all right. thank you so much. see you soon. >> thank you. >>> up next, an issue that he also knows about there on the hill. what congress is not focusing on amid the distractions. "the cycle" roe on for thursday, may 16th. ♪ ♪ ♪ (vo) purina cat chow. 50 years of feeding great relationships. with one extraordinary purpose... to get "man of steel" advanced screening tickets. [ movie announcer voice ] at walmart. see "man of steel" at your local theater before anyone else. get in line 8 a.m. may 18th at walmart. rated pg-13. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ [
over taxes and whether they include that as part of a deficit package. they feel president has been the offensive since the beginning of his second term. this is the first time they feel they have something to really pound the administration on. and i don't that you really sense any sort of shift other than they feel like they can continue to throw bombs up here. >> all right. thank you so much. see you soon. >> thank you. >>> up next, an issue that he also knows about...
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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we have a clearly growing deficit of trust from the american people towards their government. that's true with the bush administration and now under the obama administration. that's not good for the country or the democracy. the other part is that we have problems, clearly as we have seen in the irs, that we have to address because, again, whether you are a republican or democrat, these kind of failures should not happen. when they do, you know, you need to take, not just corrective action, you need to get to the bottom of it and make sure that it never happens again. that's where the focus should be. >> chris, it is the president's supporters who are saying that republicans are playing a role in all of this. but with the hearings, one after another, the finger continues to be pointed at at white house and what they knew -- benghazi, irs, a.p -- what are republicans want to accomplish? which answers are most critical? what would be the impact on both the white house and congress? >> the danger for republicans in this is if they overreach and make this partisan. once it becomes
we have a clearly growing deficit of trust from the american people towards their government. that's true with the bush administration and now under the obama administration. that's not good for the country or the democracy. the other part is that we have problems, clearly as we have seen in the irs, that we have to address because, again, whether you are a republican or democrat, these kind of failures should not happen. when they do, you know, you need to take, not just corrective action, you...
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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they become part of the trade deficit because things that used to be made here are now being made there. brands may be u.s. and and they're being sent back here. so since fast-track went we have seen net 5 million manufacturing jobs lost. that was one out of four of every u.s. manufacturing job that existed in our country. and we have seen our real median wages, 1972 stock even though worker productivity has soared. that kind of break between worker productivity and wages is now what happened in that time before and before these trade agreements. not fast track alone. is the agreement that fast-track enabled. so your question actually points out one of the most interesting factoids, which is, the trade has expanded, including export commodities agreements, imports have expanded a lot faster, and worse, growth in exports have a penalty for doing these kind of a grievance. we cannot prove this empirically. there are too many factors to control. we suspect one of the reasons that finding is true is because so many of the big u.s. companies that used to be big exporters are no relocating to
they become part of the trade deficit because things that used to be made here are now being made there. brands may be u.s. and and they're being sent back here. so since fast-track went we have seen net 5 million manufacturing jobs lost. that was one out of four of every u.s. manufacturing job that existed in our country. and we have seen our real median wages, 1972 stock even though worker productivity has soared. that kind of break between worker productivity and wages is now what happened...
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but the ceo's report find just about 1 trillion in deficit reduction and deficits rise again after 2017 and obama promised $1.2 trillion in spending cuts the ceo review finds just $172 billion and the president promised to balance budget approach, a balanced approach to the budget. but guess what? the review finds that tax hikes outweighs spending cuts by nearly 6-1. that is not balanced. however, joining us on set tonight, business insider's ceo and editor-in-chief henry blojit and henry kukis. >> i think one point i would make is the only way we are going to close the gap is by raising taxes and reducing long-term spending. >> where do you want to raise the taxes? >> i think you can raise lots of tax, the wellthy can go up, generally. >> northern more than we had, we just got $600 billion. >> if you look at a gdp basis, spending is at 22%. we have been at about 20 for both. we fwt to converge on that number if we want to balance the number. >> what's your take? >> i'm not sure what bothers me more the fact that the president's numbers didn't quite add up or the fact that he has a budg
but the ceo's report find just about 1 trillion in deficit reduction and deficits rise again after 2017 and obama promised $1.2 trillion in spending cuts the ceo review finds just $172 billion and the president promised to balance budget approach, a balanced approach to the budget. but guess what? the review finds that tax hikes outweighs spending cuts by nearly 6-1. that is not balanced. however, joining us on set tonight, business insider's ceo and editor-in-chief henry blojit and henry...
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come back for the bruins came back from a three-goal deficit in the last ten minutes. what happened in overtime? you hurt my feelings, todd. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instead of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgraded experience comes from listening to our cardholders. visa signature. your idea of what a card should be. visa signature. and i've been around the toughest guys in football. and now i'm training guys who leak a little to guard their manhood. with man style protection... whoa... of new depend shields and guards. who are you? this is my house. perfect. come with me. built you a little man space under here. how 'bout that. sweet. see depend shields and guards are made to fit guys. that's awesome. i trained that guy now it's your turn. go online for my tips to help guard your manhood. with new depend, shields and guards. >>> sports fr
come back for the bruins came back from a three-goal deficit in the last ten minutes. what happened in overtime? you hurt my feelings, todd. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instead of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgraded experience comes from listening to our...
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it called for deficit reduction. it didn't balance the budget over the next ten years, but it further reduced the budget deficit and put us on a path to -- if you will, to stabilize our debt and to get us on a trajectory where debt as a percentage of gross domestic product is starting to come down. not as much as i would like, not as much as the presiding officer would like, but actually get us headed in the right direction. but it was a 50-50 deal. 50% of deficit reduction on the spending side, 50% on the revenue side. actually, ironically, the last time we had a balanced budget, 1999, 2000, 2001 in the clinton administration, erskine bowles, then the president's chief of staff, a woman named sylvia matthews, now sylvia matthews burwell, they worked with the senate to come up with a deficit reduction plan in 1997. four balanced budgets in a row. their deal, work it out with republicans was a 50-50 deal. 50% was on the spending side, 50% was on the revenue side. this year the senate-passed budget resolution, it was p
it called for deficit reduction. it didn't balance the budget over the next ten years, but it further reduced the budget deficit and put us on a path to -- if you will, to stabilize our debt and to get us on a trajectory where debt as a percentage of gross domestic product is starting to come down. not as much as i would like, not as much as the presiding officer would like, but actually get us headed in the right direction. but it was a 50-50 deal. 50% of deficit reduction on the spending...
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May 17, 2013
05/13
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he wonders why our deficit is ourup. because there's more welfare, more food stamps, more everything going out. host: do you vote? caller: yes, they are voting. anybody with aen card. purdue get obamacare? host: attorney, independent -- ernie, independent. caller: this is not obamacare. it belongs to mitt romney. it came out of massachusetts. you need to ask yourself, every citizen in the u.s. needs to ask himself who is paying for this now, was paying for your care now and why don't you have insurance if you don't have it? you need to answer a few questions annd out exactly what this is going to cost you, because you are already -- i am paying wait too much for my health care. i know that my insurance is only covering about three-quarters of it. and then if i go to a hospital or something, i will be released step after the third day. i am thinking that people need to remember this did not come from obama. host: but it is his effort. so what do you think about pipa action yesterday to try to repeal it? caller: there are
he wonders why our deficit is ourup. because there's more welfare, more food stamps, more everything going out. host: do you vote? caller: yes, they are voting. anybody with aen card. purdue get obamacare? host: attorney, independent -- ernie, independent. caller: this is not obamacare. it belongs to mitt romney. it came out of massachusetts. you need to ask yourself, every citizen in the u.s. needs to ask himself who is paying for this now, was paying for your care now and why don't you have...
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May 13, 2013
05/13
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FBC
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laughter] he has numbers that says instead of what you say in your report it would reduce the overall deficit by 2.5 trillion dollars it could not be more of a swing? >> i spent six months preparing this report 80 pages long in the appendix describes the methodology over 30 pages so everybody could look in a my analysis and mr. egan does not have a steady but basically a press release about a study he might do he has provided about a page and a half of the information. >> i was taught brevity is the soul of wind and i tried to right things as long as they need to be. we look at the difference between the typical immigration scenario and reported in the paper the facts on labor statistics from immigrants and higher than native-born and out of the research literature and that is arithmetic. >> that is a complicated at all. >> what is the correlation between high school college degree is it petraeus agrees and employment levels? is there one. >> no question as your education goes up the unemployment rate goes down and skills are at a premium in the global economy. lou: 11 million immigrants more
laughter] he has numbers that says instead of what you say in your report it would reduce the overall deficit by 2.5 trillion dollars it could not be more of a swing? >> i spent six months preparing this report 80 pages long in the appendix describes the methodology over 30 pages so everybody could look in a my analysis and mr. egan does not have a steady but basically a press release about a study he might do he has provided about a page and a half of the information. >> i was...
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May 18, 2013
05/13
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FOXNEWS
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they are operating from such a credibility deficit, it's impossible for them to get them out of it. i hope they use the opportunity, never let a crisis go to waste, fundamental tax reform could solve a lot of this in the long run. there is a short and medium and long term problem. irs is going to have to do a wholesale name change, sort of like philip morris came up with new name that stays out of the news for the most part of the irs, people do not trust it. taking care of your most personal details, it's not going to work. >> eric: you are smiling. >> greg: the irs in charge of obamacare, like a junkie running a pharmacy. what it really is it's like the tsa. tsa invades you at most vulnerable stated. you are at the mercy of these entities, the irs in a way is like the tsa guilty of profiling. this persecution is more pernicious. they violent you at the -- violate you at healthcare. liberals don't violate us at bedroom and then crawl up your ass. >> you are terrible. >> remember this, targeting conservative groups. $179,000 that is salary plus bonus. 2010, $200,000. 2012, $203,000.
they are operating from such a credibility deficit, it's impossible for them to get them out of it. i hope they use the opportunity, never let a crisis go to waste, fundamental tax reform could solve a lot of this in the long run. there is a short and medium and long term problem. irs is going to have to do a wholesale name change, sort of like philip morris came up with new name that stays out of the news for the most part of the irs, people do not trust it. taking care of your most personal...
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May 17, 2013
05/13
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FOXNEWSW
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the cbo says the obama plan would decrease the cumulative deficit over the next ten years by $1.1 trillion. environmental groups say proposed new rules for drilling on public land are a total capitulation to the energy industry. the obama administration has announced new guidelines for reporting chemical use in fracking which also uses water and sand to extract greater amounts of natural gas. industry advocates say the federal rules are unnecessary since state rules are already in place. while the focus here at home has been on the obama scandals, there are ominous signals coming out of the middle east. c.i.a. chief john brennan made a quick trip to israel today to try to help keep an already unstable region, regional situation, rather, from getting worse. according to wednesday officials, russia is not helping. apparently ignoring u.s. pleas to stay out of the syria conflict. chief national correspondent jim angle has the specifics tonight. >> there are new and implicating developments on syria today as russia sent advance cruise missiles to support the assad government, which brought har
the cbo says the obama plan would decrease the cumulative deficit over the next ten years by $1.1 trillion. environmental groups say proposed new rules for drilling on public land are a total capitulation to the energy industry. the obama administration has announced new guidelines for reporting chemical use in fracking which also uses water and sand to extract greater amounts of natural gas. industry advocates say the federal rules are unnecessary since state rules are already in place. while...
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May 16, 2013
05/13
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CURRENT
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deficit is rapidly decreasing ahead of styx, but you wouldn't know it from fox news because benghazi! the feds want to lower the threshold for what constitution drunk driving. which means we'll have to have less spelling errors when we text from behind the wheel. is this a public safety man or a racket to raise more money. and you may have heard about the gay teacher fired for her sexual orientation. but what does the bible really say about lesbians. turns out it's the catholic homophobes who need to repent. it's
deficit is rapidly decreasing ahead of styx, but you wouldn't know it from fox news because benghazi! the feds want to lower the threshold for what constitution drunk driving. which means we'll have to have less spelling errors when we text from behind the wheel. is this a public safety man or a racket to raise more money. and you may have heard about the gay teacher fired for her sexual orientation. but what does the bible really say about lesbians. turns out it's the catholic homophobes who...
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May 14, 2013
05/13
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FBC
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we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so well. this predent mig be saved. by comparison it is doing bter than it was. richard nixon was not so fortunate. >> i think you bring up a good point with looking at nixon and lousy economy. that probabl had a lot to do with the lousy economy. i don't think that scandal in washington affects our markets that much, if it did, i am sure we would not be as well off as we are, scandals in washington have been happening since washington, it is important we remember that what creates strong economies are jobs and government working with citizens to build its economy. >> what if people question that go
we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so...
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May 15, 2013
05/13
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MSNBCW
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"deficit is shrinking quickly," went the headline. now, mr. mcconnell claims to care about debt and spending. so surely he'll break from flogging benghazi and the irs to talk about the progress that's being made in the economy by this administration. is that true, sir? >> don't hold your breath. >> did you just see a pig flying across the capitol? >> no. mitch is on his own personal mission. that's to make every partisan comment he can possibly think of. he takes to the floor every day to bash the obama administration. again, trying to enhance his very conservative credentials. and he's really never talking about what his vision for the country or for kentucky are. that's why he's in such a poor standing in the state. >> congressman john yarmuth, as ever, thank you, sir. >>> stay with us. the day's top lines are coming up. >> what's become clearly apparent is a culture throughout the federal government, not just the irs but the department of justice, the state department, et cetera. that's embarrassing for the country. these are things you typ
"deficit is shrinking quickly," went the headline. now, mr. mcconnell claims to care about debt and spending. so surely he'll break from flogging benghazi and the irs to talk about the progress that's being made in the economy by this administration. is that true, sir? >> don't hold your breath. >> did you just see a pig flying across the capitol? >> no. mitch is on his own personal mission. that's to make every partisan comment he can possibly think of. he takes to...
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May 15, 2013
05/13
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and adding to the deficit can add to the deficit in the same way that borrowed money, then just trying to spend does come if you're not cutting spending to go along with that. portion is i.t. interesting. we spend quite a lot of money creating incentives for medical providers to adopt electronic health records. what these electronic health records were supposed to do was make them or make the medical world more efficient, make it cheaper, and start the process of bringing down health spending or a least getting it under control. and the long term, how spending is a big problem just for the economy and it is a really big problem for the federal government because of all of its health spending commitments. but what we saw with the health it fundedon is programs that don't talk to each other. all of these hospitals now have these proprietary locked in systems where they have their internal health i.t. records for themselves but it is difficult for them to send them to other medical providers. in many ways it has not facilitated the type of communication. what it has facilitated is additio
and adding to the deficit can add to the deficit in the same way that borrowed money, then just trying to spend does come if you're not cutting spending to go along with that. portion is i.t. interesting. we spend quite a lot of money creating incentives for medical providers to adopt electronic health records. what these electronic health records were supposed to do was make them or make the medical world more efficient, make it cheaper, and start the process of bringing down health spending...
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May 14, 2013
05/13
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CNBC
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good news on the deficit, sending the bulls off and running. we have all that for you, next up on "kudlow." all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. faso you want to save on autoof insurance?. drive a hybrid. get good grades. lose the bling. go paperless. combine policies. make automatic payments. and of course, talk to farmers. hi ♪ we are farmers bum - pa -, bum - bum - bum - bum♪ >>> all right. busy day on
good news on the deficit, sending the bulls off and running. we have all that for you, next up on "kudlow." all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. at bny mellon, our business is...
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May 13, 2013
05/13
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CNBC
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we have seen the likes of france, spain being given more time to reach their deficits. yes, the pressure to see the fiscal consolidation continues. the pressure for structural reforms, that's not going to change. they're needed to boost growth. the likes of france in particular, talks here, the need to push forward with structural reforms, open question. >> all right. julia, plenty more to come. thanks for that. >>> meanwhile, the prime minister isn't willing to keep his government going at any cost. he had a meeting in tuscany. the tensions with the coalition are up. sill view yeah berlusconi, they were accusing of trying to eliminate him politically. they're outlining the government's agenda here on cnbc and explaining the steps they're taking to try to boost the economy and reduce the deficit. >> it is going to be redesigned in such a way not to increase the deficit and to stay within those limits. as i said, thanks to the kind of policies that were followed in the last few years, we have already gained some room of maneuver within the 3% margin. we are not above or
we have seen the likes of france, spain being given more time to reach their deficits. yes, the pressure to see the fiscal consolidation continues. the pressure for structural reforms, that's not going to change. they're needed to boost growth. the likes of france in particular, talks here, the need to push forward with structural reforms, open question. >> all right. julia, plenty more to come. thanks for that. >>> meanwhile, the prime minister isn't willing to keep his...
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May 16, 2013
05/13
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MSNBCW
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jared, the deficit is actually declining. unemployment figures are going down steadily. housing's rebounding. we've had a bull market for some time. why won't john boehner smile? >> well, it was interesting to hear him say, you know, our main focus is jobs. boy, you'd be really hard pressed to pull that out of what looks like their main focus right now which is benghazi and the irs and anything else that they can distract them from the economy. look, i do think there is improvement in the economy, obviously in the sectors you mentioned. and, boy, if you compare it to where we were when the president took office, i was there back then. the gdp contracted 9%. jobs were falling at a rate of almost 800,000 per month. i'm back in january of 2009. and the president took office and implemented a set of policies, including stimulus, financial market interventions, that turned that around relatively quickly. that said, there are still lots of families that aren't doing as well as they should be in part because much of the growth, as you also mentioned, has been kind of funneling
jared, the deficit is actually declining. unemployment figures are going down steadily. housing's rebounding. we've had a bull market for some time. why won't john boehner smile? >> well, it was interesting to hear him say, you know, our main focus is jobs. boy, you'd be really hard pressed to pull that out of what looks like their main focus right now which is benghazi and the irs and anything else that they can distract them from the economy. look, i do think there is improvement in the...
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May 16, 2013
05/13
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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May 14, 2013
05/13
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. >> i think it will be a -- into the future because of the defici deficits, and the gap, how they can take it down. you at some point they'll want it to go up. anybody who's been on a diagonal knows you can get off the jelly doughnuts and survive. >> he's managing directors. he is not one he believes we need that -- >> he's also quite a winner. so i don't know if i'm going to basically put the stamp of approval on his predictions. but clearly he knows what he's talking about. pretty strong performance there. >> as aggressively as all these nay sayers having saying. so even if there were a modest pullback. we've also outlasted any void of buy side that would fill in. i think any time we did have a pullback, you'll see people come in and say maybe here is the first step to come in. >> are you one who worries about the possible tapers about the fed? >> it would come at some point. >> it's undeniable, and in the first four months out of the years. but that selling that's going to come when it steps away will be slow. we've seen them hint at it twice in the past few months. both times they
. >> i think it will be a -- into the future because of the defici deficits, and the gap, how they can take it down. you at some point they'll want it to go up. anybody who's been on a diagonal knows you can get off the jelly doughnuts and survive. >> he's managing directors. he is not one he believes we need that -- >> he's also quite a winner. so i don't know if i'm going to basically put the stamp of approval on his predictions. but clearly he knows what he's talking about....
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May 15, 2013
05/13
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CURRENT
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there is no real evidence they want to reduce the deficit. they continue to preach austerity even though it's hurt our economic growth. contemporary politics around the world show that. so the budget deficit's come down partly because we have cut a lot of spending. in some cases as you look around now, far too much spending in some cases but the main reason is economic growth. and our view all along has been if you focus on jobs the deficit comes down. look at what happened in the 1990s, 21 million private sector job net increase. we had the biggest budget surplus in american history. those are not coincidental. those are related. more people working. more people paying taxes. fewer people on food stamps or unemployment benefits. >> meanwhile, republicans continue to preach and act as if the number 1 problem facing this country is the size of the debt and the size of the deficit. right? >> spending. >> spending. >> and, you know, it's really what they really mean is cutting any social programs or cutting programs to help the poor and the midd
there is no real evidence they want to reduce the deficit. they continue to preach austerity even though it's hurt our economic growth. contemporary politics around the world show that. so the budget deficit's come down partly because we have cut a lot of spending. in some cases as you look around now, far too much spending in some cases but the main reason is economic growth. and our view all along has been if you focus on jobs the deficit comes down. look at what happened in the 1990s, 21...
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May 14, 2013
05/13
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the biggest issue facing our country now is the growing debt and deficit. with the impacts of sequestration taking into account this bill provides around $23 billion in savings from mandatory programs to go towards deficit reduction. that is remarkable, that you've been able to craft a bill with that kind of number in there, and under the conditions that we're operating in. i understand there are different ideas around this table as to what is the best safety net. i urge my colleagues to recognize that one program does not fit all. the bill before us attempts to provide producers with options to find what works best for them and that's a step in the right direction. that's something we've never done before, is to give the kind of options that are available in this bill. a new program known as adverse market protection seeks to serve the needs of those who are not protected by the agricultural risk coverage and crop insurance programs. it's imperative that the farm safety net provide protection for multiyear price declines, especially for southern crops like
the biggest issue facing our country now is the growing debt and deficit. with the impacts of sequestration taking into account this bill provides around $23 billion in savings from mandatory programs to go towards deficit reduction. that is remarkable, that you've been able to craft a bill with that kind of number in there, and under the conditions that we're operating in. i understand there are different ideas around this table as to what is the best safety net. i urge my colleagues to...